US Geothermal Inc (HTM) Shares Bought by Fondren Management LP

Fondren Management LP boosted its holdings in US Geothermal Inc (NYSEAMERICAN:HTM) by 7.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,831,875 shares of the energy company’s stock after buying an additional 128,798 shares during the period. US Geothermal accounts for approximately 4.4% of Fondren Management LP’s holdings, making the stock its 6th biggest position. Fondren Management LP owned about 9.42% of US Geothermal worth $6,320,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Kennedy Capital Management Inc. boosted its holdings in shares of US Geothermal by 53.9% during the 4th quarter. Kennedy Capital Management Inc. now owns 115,534 shares of the energy company’s stock valued at $399,000 after purchasing an additional 40,475 shares during the last quarter. Private Management Group Inc. boosted its holdings in shares of US Geothermal by 0.5% during the 4th quarter. Private Management Group Inc. now owns 1,818,042 shares of the energy company’s stock valued at $6,272,000 after purchasing an additional 9,872 shares during the last quarter. B. Riley Financial Inc. bought a new position in shares of US Geothermal during the 4th quarter valued at about $345,000. Dimensional Fund Advisors LP boosted its holdings in shares of US Geothermal by 175.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 71,160 shares of the energy company’s stock valued at $284,000 after purchasing an additional 45,289 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of US Geothermal by 1.2% during the 2nd quarter. Northern Trust Corp now owns 33,281 shares of the energy company’s stock valued at $153,000 after purchasing an additional 392 shares during the last quarter.

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US Geothermal Inc (NYSEAMERICAN:HTM) opened at $5.36 on Wednesday. US Geothermal Inc has a 1-year low of $3.11 and a 1-year high of $5.42. The company has a market cap of $103.32, a PE ratio of 59.56 and a beta of 0.58.

Several research firms have commented on HTM. Zacks Investment Research downgraded shares of US Geothermal from a “hold” rating to a “sell” rating in a report on Friday, March 9th. TheStreet raised shares of US Geothermal from a “d” rating to a “c” rating in a report on Wednesday, February 14th. Cowen downgraded shares of US Geothermal from an “outperform” rating to a “hold” rating in a report on Wednesday, January 24th. Finally, Roth Capital set a $5.00 price target on shares of US Geothermal and gave the company a “buy” rating in a report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $5.67.

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US Geothermal Profile

U.S. Geothermal Inc is engaged in the renewable green energy business. The Company, through its subsidiary U.S. Geothermal Inc (Geo-Idaho), is engaged in the acquisition, development and utilization of geothermal resources in the Western United States and the Republic of Guatemala. It operates through two segments: Operating Plants, and Corporate and Development.